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An Approximate 300% Year-to-Date Upsurge for Stablecoins Hitting A Milestone of $20B

The whole worth of stablecoins has currently exceeded $20 billion, shiny the rising demand of savers observing to hedgerow their risks in both crypto and traditional markets amid the coronavirus pandemic. Statistics from Coin Metrics demonstration that the entire worth of assets for all stablecoins breached the $20 billion mark Thursday, merely a little more than 4 months after the number broke a $10-billion record in May. Stablecoins are digital tokens, the standards of which are attached to fiat currencies such as U.S. dollars. The chief driver of the utmost new increase is the latest descendent valuing tendency in non-stablecoin…

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